Particulars L.F. Rs Rs 1,00,000 Dr. 1.00.0001 Realisation A/C To Sundry Assets A/c (Assets other than cash and bank transferred to Realisation Account) Dr 40,000 40,000 Atul's Capital A/c To Realisation A/C (Atul took over 50% of assets worth Rs 1,00,000 at 20% discount) [1,00,000 (50/100) x (80/100) 26,000 Bank A/C Dr. To Realisation Alc (Assets worth Rs 20,000, i.e. 40% of assets of Rs 50,000 are sold 26,000 at a profit of 30%) [50,000